Investment Opportunity 7/10/19

Decision:

That Investment
Opportunity 7/10/19 as set out in the Exempt Cabinet Minute
42.15/10/19, be approved.

Reasons for the decision:

To enable the Council
to purchase a new investment from the Council’s Investment
and Regeneration Fund in order to generate additional revenue for
the Council.

Alternative options considered:

None

Implementation:

The decision in
respect of Investment Opportunity 7/10/19 will come into force
immediately as the decision maker has decided that any delay likely
to be caused by the call-in process would prejudice the
Council’s interest. The Overview
and Scrutiny Co-ordinator was consulted on 14 October 2019.

Information:

The Cabinet considered the submitted Exempt
Report on the proposed purchase of one investment on behalf of the
Council in line with the Investment and Regeneration
Strategy. The decision has been made,
taking account of the current investment criteria.

Councillor Long proposed and Councillor Steve
Darling seconded a motion which was agreed by the Cabinet as set
out above.